Serbian President Aleksandar Vučić has announced that the design phase for the new oil pipeline to Hungary will be completed by the third quarter of this year, with construction slated to begin in the fourth quarter. The pipeline is expected to be fully operational by the first quarter of 2027, with an investment estimated at 129.5 million euros.
Once finished, the pipeline will provide Serbia with an alternative route for oil delivery, in addition to the existing Croatian JANAF pipeline, allowing for greater diversification in oil supply sources. This added flexibility is expected to lower costs significantly for the country.
In a recent move, the Serbian government approved a decree establishing the Spatial Plan for the special-purpose infrastructure corridor for the oil pipeline, which will run from the Hungarian border to Novi Sad. This decision sets the foundation for the project’s construction.
The pipeline will pass through several regions, including Novi Sad, Kanjiza, Senta, Ada, Becej, and Zabalj. The plan outlines the organization, usage, and protection of the corridor, providing detailed regulatory measures to ensure the smooth execution of the project.
This initiative is the result of a strategic partnership between Serbia and Hungary, formalized through a Memorandum of Understanding signed in June 2023.
